Overview
When adding the company bank account on Talexio, there are certain requirements that need to be filled in order for the system to generate a Bank Payment File.
Contents
Permissions
To set up your company's bank account, you will need the Manage client settings permission set on global.
Bank Requirements
The following is a breakdown of requirements for each Bank currently supported on Talexio.
- IBAN - An IBAN, or International Bank Account Number, is a standard international numbering system developed to identify a bank account.
- BIC - A BIC is a standard format for Business Identifier Codes (BIC). It’s used to identify banks and financial institutions globally.
- Account Number - An account number is your unique reference to your account with a certain bank.
- Payment File Password - Certain banks require a password to be included with every payroll. More information on this can be found here.
- Unique Client ID - Certain banks require you to include your Unique Client ID to be included in the payment file. This Unique Client ID will have been provided to you by your bank.
- APS - The bank Unique Client ID is known as "Corporate Business Code".
- BOV - The bank Unique Client ID is known as "Subscriber ID"
- HSBC - The bank Unique Client ID is known as "HSBC Connect Customer ID"
The following table outlines which of these fields is required by the banks supported on Talexio.
Other Payment File Information
Once your bank details have been saved on Talexio, you may wish to create a test payment file. For more information, click here.
Since this file is read by an automated system on the bank's end, each bank has its own set of rules which are programmed into Talexio which include how the file should be shaped and what information it should contain. To learn more about these rules, click here.